Annual Report 2023

175 2023 Annual Report Transport International Holdings Limited Directors’ Report No. of options outstanding at 1 January 2023 No. of shares granted during the year No. of shares forfeited during the year No. of options outstanding at 31 December 2023 Date granted Period during which options are exercisable Exercise price per share Market value per share at date of grant of options* Directors (continued) CHEUNG Wing Yui 400,000 – – 400,000 19 November 2020 19 November 2021 to 18 November 2025 (note 1) HK$15.32 HK$15.32 – 430,000 – 430,000 31 March 2023 31 March 2024 to 30 March 2028 (note 3) HK$10.60 HK$10.60 LEE Luen Fai 400,000 – – 400,000 19 November 2020 19 November 2021 to 18 November 2025 (note 1) HK$15.32 HK$15.32 – 430,000 – 430,000 31 March 2023 31 March 2024 to 30 March 2028 (note 3) HK$10.60 HK$10.60 LUNG Po Kwan 400,000 – – 400,000 19 November 2020 19 November 2021 to 18 November 2025 (note 1) HK$15.32 HK$15.32 – 430,000 – 430,000 31 March 2023 31 March 2024 to 30 March 2028 (note 3) HK$10.60 HK$10.60 Eric LI Ka Cheung 400,000 – – 400,000 19 November 2020 19 November 2021 to 18 November 2025 (note 1) HK$15.32 HK$15.32 – 430,000 – 430,000 31 March 2023 31 March 2024 to 30 March 2028 (note 3) HK$10.60 HK$10.60 LIU Pak Wai 400,000 – – 400,000 19 November 2020 19 November 2021 to 18 November 2025 (note 1) HK$15.32 HK$15.32 – 430,000 – 430,000 31 March 2023 31 March 2024 to 30 March 2028 (note 3) HK$10.60 HK$10.60 Equity-linked agreement (continued) Share option scheme (continued)